Zacks Investment Research lowered shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research note published on Thursday morning.
According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “
Other equities analysts have also recently issued reports about the stock. Summit Redstone upgraded shares of Qualys from a hold rating to a buy rating and set a $65.00 target price for the company in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a hold rating and issued a $60.00 target price on shares of Qualys in a research note on Friday, November 3rd. Robert W. Baird reiterated a hold rating and issued a $61.00 target price on shares of Qualys in a research note on Wednesday, November 1st. KeyCorp reiterated a hold rating on shares of Qualys in a research note on Friday, October 27th. Finally, Needham & Company LLC assumed coverage on shares of Qualys in a research note on Monday, October 23rd. They issued a buy rating and a $65.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $54.85.
Qualys (QLYS) traded up $0.25 on Thursday, hitting $63.15. 234,784 shares of the company traded hands, compared to its average volume of 255,269. Qualys has a 1 year low of $32.40 and a 1 year high of $64.00. The firm has a market cap of $2,390.00, a PE ratio of 56.89, a P/E/G ratio of 5.07 and a beta of 0.88.
Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The firm had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. sell-side analysts forecast that Qualys will post 0.65 earnings per share for the current year.
In other news, insider Sumedh S. Thakar sold 2,000 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $53.00, for a total value of $106,000.00. Following the completion of the sale, the insider now directly owns 124,051 shares in the company, valued at $6,574,703. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Amer Deeba sold 12,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.15, for a total transaction of $661,800.00. Following the completion of the sale, the vice president now owns 77,777 shares of the company’s stock, valued at $4,289,401.55. The disclosure for this sale can be found here. Insiders have sold 557,916 shares of company stock valued at $32,623,266 over the last 90 days. 20.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Qualys in the third quarter valued at about $101,000. SG Americas Securities LLC acquired a new stake in shares of Qualys in the second quarter valued at about $103,000. Ameritas Investment Partners Inc. raised its position in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Qualys by 1,100.0% in the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after buying an additional 2,750 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its position in shares of Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.
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Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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